06/13/2013 Live Update

[Cobra]

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Key time as it's 2nd test of the 06/06 low, a decisive breakdown for the blue line below would be a bad news for bulls. Although I kind don't think it'd breakdown today as bears have traveled too far to the support, so a breakdown without taking a breath first probably is not real. Let's see.

[bestsell]

temporary break down is possible

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/06 ... ay-update/

[tomsky]

Fake breakdown of the descending wedge for AUDJPY, now rebound and breakout for real to the upside?

AUDJPY hourly 20130613

Forgot to mention the potential target for the wedge, it's the 10th june high and the correponding high for US equities on the same day.
More info here: http://www.thepatternsite.com/fallwedge.html

[Apple]

XLE: Target on daily. Pre-market low (so far) 78.83.

[gappy]

PM's calm bordering on mundane. Cartel now positioned to upside risk. Maybe the beat down is winding up. Looking for a liquidity or carry trade shock to pump up volatility again, the Hightower blurb still hypes FOMC. Probably sideways until a fiat fiasco occurs. Price pays, but until it overcomes the 10% annual compound costs the miners suffer, it is sad. No backers now. Copper outfits byproducing silver need some thought, ie a more honest valuation to handicap. I miss holding miners, that stuff is dug and done, it doesn't replicate.

Capture.PNG

GLTA.

[Medman]

Myagi P bar 161.37

[RealMoneyIssues]

Myagi P bar 161.37

It's now met.

[Al_Dente]

SURPRISE:
Traders have been manipulating Forex rates, and front-running client orders.
“Customers often wait until …[3pm ET] to place large orders to minimize the opportunity for banks to trade against them…”
http://www.bloomberg.com/news/2013-06-1 ... ients.html
[ps: oy shite: “Regulators also are investigating benchmarks for the crude-oil … market….”

[gappy]

Myagi P bar 161.37

It's now met.

Gap @ 159.89 to 160.59 on my 4 hour.

[jarbo456]

odd that Nikkei was down 6.5% and EWJ is up today.

[TraderGirl]

Touchdown to Miyagi's p-bar...I can count 5 waves down for c....

[TWT]

$SPX: The ZZ off June 6 low is still possible

[Al_Dente]

HEY: Bill Luby (the VIX “expert”) just found our favorite DBV:
“The Currency Carry Trade, DBV and Risk”
http://vixandmore.blogspot.com/2013/06/ ... -risk.html

[uempel]

SPX support

[Cobra]

100% mm target given yesterday might still be valid.

[tomsky]

This is my longer term roadmap with fibo for wave C possible targets

[Mr. BachNut]

Neutral.

All my signals are in sell mode, but various oversold conditions have been inhibiting short setups for me.
As cliff dives and crashes can initiate from oversold conditions, I may override if things become disorderly.
Otherwise, I am happy to be flat and watch.
If we get a rally, I may be a seller depending on what it does technically.

[Cobra]

ok, forget about target. I'm neutral. could be a narrow range day?

[Me XMan]

Good Morning! Do we have any fireworks today?